Taxing Lessons from Europe for Hillary Clinton (a Supposed Fiscal Conservative)
May 7, 2016
I wrote yesterday about the Obama Administration’s head-in-the-sand approach regarding the anti-competitive nature of America’s corporate tax system (though maybe fiddling while Rome burns is a better metaphor).
Fortunately, some nations have more sensible policy makers. Even in Europe, which might come as a surprise to the pair of class warriors battling for the Democratic nomination.
Consider, for instance, what’s happening in Norway.
Norway will cut the corporate income tax rate to 23 percent from the current 27 percent by 2018…the country’s political parties announced on Wednesday. The basic personal tax rate will also be cut to 23 percent from 27 percent. …As part of the deal, further reductions in the company tax rate will be considered in the future. The compromise included…a small cut in Norway’s wealth tax.
What’s most remarkable about this story from Scandinavia is not that there’s a tax cut, though that surely would be a…
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